Fuel and Energy Balance for 2008 Developed in Azerbaijan
Azerbaijan, Baku / corr Trend S. Aliyeva / The Azerbaijani Ministry of Industry and Energy has set up the development of the Fuel and Energy balance for 2008. It will be developed by the end of November or the beginning of December, the Azerbaijani Government said.
The gas indicators are the main indices of the balance for 2008. Volume of gas, which Azerbaijan will obtain from the Shah Deniz gas field, includes associated gas which the Azerbaijani International Operation Company (AIOC) will deliver to Azerbaijan from the Azeri-Chirag-Guneshli fields, as well as the increase of production of gas by the State Oil Company of Azerbaijan (SOCAR).
The gas balance is very important in terms of its export to Georgia. Gas exports to Georgia will depend on the gas balance in Azerbaijan and the presence of additional gas volumes for export.
Presently, the document is undergoing initial coordination. After completion, it will be presented to the Government for approval.